HDFC MF begins process of merging Morgan Stanley MF schemes

Tags: News
Taking forward its deal to acquire the assets of Morgan Stanley Mutual Fund in India, HDFC Mutual Fund has begun the process of merging the schemes of smaller rival with itself.

HDFC MF will merge the four schemes offered by Morgan Stanley MF with itself, while it would change the name of another four schemes.

The changes are announced pursuant to the acquisition of Morgan Stanley MF schemes and to avoid similar products being offered to the investors. However, these changes to the schemes are subject to completion of the proposed deal.

Besides, HDFC MF has given an exit option to the unit holders of Morgan Stanley MF.

"An exit option from May 22, 2014 to June 20, 2014 has been provided to the unit holders who are not agreeable to the transaction/changes to the schemes wherein they may submit redemption request to MSMF (Morgan Stanley MF) to exit the scheme without any exit load," HDFC MF said in a latest update on its website.

In December last year, HDFC MF had announced the acquisition of Morgan Stanley MF running a total of eight schemes with assets worth Rs 3,290 crore, a major consolidation exercise in the highly-dispersed sector.


  • Everybody who contributes to India’s economic growth must be paid well

    Private sector blue chip companies are known to pay top dollar for top-level talent. Directors in such companies take home hefty pay packets.


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Amita Sharma

Smart cities for the smart citizens

The 21st century has been spoken of as the urban ...

Zehra Naqvi

The prejudiced childhood

Sometimes the most unusual things can remind you of the ...

Bubbles Sabharwal

Women of the world, unite for a change

Last week I attended the Women in the World forum ...


William D. Green

Chairman & CEO, Accenture